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The Quacksef Company purchased a van for $200,000 on January 1 of Year 1. The van has an estimated useful life of 20 years and
The Quacksef Company purchased a van for $200,000 on January 1 of Year 1. The van has an estimated useful life of 20 years and an estimated salvage value of $100,000. Using double-declining-balance depreciation, compute the amount of depreciation expense to be recognized in Year 2 (the second year). Write the dollar amount of your answer.
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